image
Railway Budget and Union Budget to be merged
New Delhi, Sep 21 (IBNS): The Union Cabinet, on Wednesday, approved the merger of the Railway budget with the Union Budget, according to media reports.
This brings to an end a British-era legacy of presenting the Railways Budget and the Union Budget separately.
The Railway Budget was being presented on its own since 1924 because the Railway Budget would often exceed the general budget, media reported.
According to Union Finance Minister Arun Jaitley, situations have changed and there will be one budget only. But there will be no compromise related to its functional autonomy, he said.
Details awaited.
Top Headlines
-
News
Job-providing people-intensive firms deserve preferential taxation rate: Chocko Valliappa on Union Budget
February 01, 2025
-
News
Chocko Valliappa on Centre for Excellence in AI for education sector in Union Budget
February 01, 2025
-
News
Budget 2025: FM delights middle-class with upto 12 lakh tax exemption, woos poll-bound Bihar
February 01, 2025
-
News
Union Budget 2025: Laxman Jaiswal calls depreciating rupee, declining stock market as critical challenges faced by Indian economy
January 22, 2025
-
News
Donald Trump takes oath as 47th US President
January 21, 2025
-
News
Sona SPEED partners Sarla Aviation to design-make critical components for eVTOL air taxi
January 20, 2025
-
News
Magh Bihu celebrated in Kolkata
January 15, 2025
-
News
Justin Trudeau announces resignation as Canada's PM amid rising pressure by partymates
January 06, 2025
-
News
30 shots fired in mass shooting outside New York nightclub that injured 11: NYPD
January 02, 2025
-
News
Truck driver who rammed into New Orleans crowd flying ISIS flag identified as US Army veteran Shamsud-Din Jabbar
January 02, 2025
